Construction output leaps 43.2% in January

Construction

The volume of construction output was 43.2% higher in January 2018 than a year earlier. Output increased in both main groups of construction: by 48.4% in the construction of buildings, and by 33.4% in civil engineering works, shows a first release of monthly data from the Central Statistical Office (KSH).

Based on seasonally and working day-adjusted indices, construction output increased by 6.4% in January compared to the previous month.

In January 2018, the KSH said output of the building segment was lifted by residential, school and factory construction. In the civil engineering segment, construction of highways, railway refurbishments and utilities infrastructure supported the increase.

Of the divisions of construction, output increased by 59.4% in the construction of buildings, by 22.5% in civil engineering, and by 39.3% in specialized construction activities.

The volume of new contracts increased by 5.3% year-on-year in January, within which the volume of new contracts concluded grew by 35.0% in the construction of buildings, but fell by 33.5% in civil engineering works. Higher-value contracts were concluded for residential buildings, hotels and industrial buildings.

As of the end of January, the month-end stock of contracts of construction enterprises was 108.5% higher year-on-year. The volume of contracts was 22.9% higher for the construction of buildings, and 158.6% higher for civil engineering works.

Output at current prices rose to HUF 140.7 billion in January 2018, up from HUF 90.3 bln in January 2017. 

Construction output figures for February will be published by the KSH on April 13.

ADVERTISEMENT

Czech economic confidence weakens in July Analysis

Czech economic confidence weakens in July

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.